Financial/Revenue Cycle Management

Discover the "frictionless" revenue cycle - a groundbreaking approach that uses a seamless IT platform to connect front and back-office functions, or the critical administrative pieces of patient access and revenue cycle. In addition, it turns those pieces patient-facing, giving them the tools to take care of business (like updating demographics, paying bills, requesting appointments, etc). However, the real power in making these connections comes from the automated insurance eligibility check and on-demand patient responsibility estimate provided during pre-registration and registration - even before services are rendered. Allowing patients to pay for services up front on estimates not only enhances the patient experience for its transparency, but also creates major downstream effects like reduced AR days, increased collections and improved staff workflow.

Electronic health records are typically touted as providing two primary and vital services: readily accessible patient records and protection against contraindicated medications. But Intermountain Healthcare is benefiting from a growing and transformative versatility in the application of its EHRs.

With government mandates growing more complex, providers can’t afford to forfeit reimbursements. Providers need to better manage processes to streamline prior-authorization amidst the complexity of clinical decisions & payer policies. 

(SPONSORED) Two healthcare business strategists from McKesson explain how hospitals and retail pharmacies can work together to improve the health of their patients as well as their own financial health.

Open an electronic healthcare record and click on a field. What happens? Underneath the covers of your EHR application, a lot is going on.

Atlantic Health System is leading the way in connecting healthcare providers with one another and with patients to help improve care coordination and patient engagement. Increasing levels of clinical connectivity in parallel with improved financial connectivity are driving better care and better financial outcomes. Read Atlantic Health’s story to learn about the incremental steps taken to establish the Jersey Health Connect HIO and about revenue cycle process improvements to improve financial performance via a relationship with RelayHealth.

EHRs were projected to reduce the need for transcription. However, with slower than anticipated adoption of EHRs by providers coupled with concerns about quality and fear of inaccurate documentation and over-billing due to inappropriate copy/paste and template use, there is still a demand for transcription technology and services. A skilled medical transcriptionist can be the economical choice when faced with passing time-consuming tasks on to the most expensive person in the documentation workflow – the physician – and can serve as the extra pair of eyes to validate structured and encoded data intended for consumption by the EHR.